Cydia

A former Samsung Electronics manager has testified in the insider-trading trial of Primary Global Research LLC executive James Fleishman. On Wednesday, Suk-Joo Hwang, a 14-year employee of Samsung, admitted to disclosing to a hedge fund confidential shipping data for Apple iPad components.

The revelation of this highly sensitive and confidential information came in late 2009, just one month before Apple publicly unveiled its first generation iPad - a product that played no small role in driving the price of Apple stock above $400 per share. Hwang only admitted to his involvement after being granted immunity from prosecution.

Hwang said that during lunch at a restaurant in Mountain View, California, with Fleishman and a hedge fund manager he identified as “Greg,” he gave them confidential information about Samsung’s shipment of liquid crystal display screens it was supplying to Apple. The iPad made its U.S. debut in April 2010, four months after the lunch.

“One particular thing I remember vividly was that I talked about the shipment numbers of Apple, it was about iPad,” Hwang revealed to jurors. “This is in December 2009, before it came out with the tablet PC, they didn’t know the name then, so I talked to them about the tablet shipment estimates in that meeting.”

According to Bloomberg, Fleishman is charged with "two counts of conspiracy" for facilitating a scheme in which "employees at public companies passed confidential information" to fund manager clients of Primary Global.

Although he pleaded not guilty, if convicted Fleishman could get upwards of 25 years in prison.

Hate isn't a product of success- but rather from jealousy. It isn't about the other guy rising to glory so much as its about yourself being stuck in the inglorious wallow that we're all pretty darned well accustomed to. And its the fear that someone stuck even farther down in the mud will grab your ankle and pull you under.

When we express glee at another's misfortune, it's a sad reflection on our own degraded compassion and humanity; with the exception of those who attack non-human entities (like Apple, Microsoft, etc.) Corporations don't deserve empathy or pity. Or admiration or praise... or even hate.

Support them if they further your interests, oppose them if they suppress; but applying your human emotions and sentiments to them is wasted breath unless you can connect with a human inside.

It doesn't amaze me to see people hating, but it saddens me.

Hate isn't a product of success- but rather from jealousy. It isn't about the other guy rising to glory so much as its about yourself being stuck in the inglorious wallow that we're all pretty darned well accustomed to. And its the fear that someone stuck even farther down in the mud will grab your ankle and pull you under.

When we express glee at another's misfortune, it's a sad reflection on our own degraded compassion and humanity; with the exception of those who attack non-human entities (like Apple, Microsoft, etc.) Corporations don't deserve empathy or pity. Or admiration or praise... or even hate.

Support them if they further your interests, oppose them if they suppress; but applying your human emotions and sentiments to them is wasted breath unless you can connect with a human inside.